Apple Inc. (AAPL) got rejected last week at the top (Higher Highs trend-line) of its 4-year Channel Up and this week is correcting rather aggressively.
The 1W MACD is printing the same pattern that previous sequences (3) formed a market Top. That was seen on the December 23 2024, December 11 2023 and August 15 2022 peaks. Those have been Highs following rallies coming off other market Highs.
The current Higher High seems to be no different structurally, coming off a ceasefire-led rebound almost on the 1W MA50 (blue trend-line), similar to both August 05 2024 and October 23 2023 Lows. The key characteristic here is that all the corrections that followed those three peaks, touched at least the 1W MA100 (green trend-line), with the previous one (April 07 2025) even hitting the 1W MA200 (orange trend-line).
As a result, there is a high technical probability to see Apple correcting back to its 1W MA100 and touch $250 at least, before it becomes a medium-term buy again. If a stronger correction like 2022 and 2025 takes place (i.e. the 0.618 Channel Fib breaks), it could even test the 1W MA200 at $220. But no matter the price, if the 1W MACD makes a Bullish Cross below 0.0 at any given moment, Apple will be a confirmed medium-term buy opportunity again.
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The 1W MACD is printing the same pattern that previous sequences (3) formed a market Top. That was seen on the December 23 2024, December 11 2023 and August 15 2022 peaks. Those have been Highs following rallies coming off other market Highs.
The current Higher High seems to be no different structurally, coming off a ceasefire-led rebound almost on the 1W MA50 (blue trend-line), similar to both August 05 2024 and October 23 2023 Lows. The key characteristic here is that all the corrections that followed those three peaks, touched at least the 1W MA100 (green trend-line), with the previous one (April 07 2025) even hitting the 1W MA200 (orange trend-line).
As a result, there is a high technical probability to see Apple correcting back to its 1W MA100 and touch $250 at least, before it becomes a medium-term buy again. If a stronger correction like 2022 and 2025 takes place (i.e. the 0.618 Channel Fib breaks), it could even test the 1W MA200 at $220. But no matter the price, if the 1W MACD makes a Bullish Cross below 0.0 at any given moment, Apple will be a confirmed medium-term buy opportunity again.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.